analysis

Bitcoin (BTC) Price and Hashrate Divergence May Set the Scene for a Potential Rally, Historical Data Shows

Published

5 hours ago

September 22, 2024

Consistent with this pattern, bitcoin has already shown signs of recovery, gaining about $9,000 since the local bottom on Sept. 6, representing a 15% increase in value. This divergence between bitcoin’s (BTC) price and its hash rate started to shape up in July and then persisted into early September, when the computing power of the network reached an all-time high of 693 exahashes per second (EH/s) on a seven-day moving average, while bitcoin’s price was near $54,000.

Source link

Altcoins

Altcoins Outperform Bitcoin (BTC) and Ether ((ETH) Following Fed Meeting Due to Poor Liquidity, Higher Beta

Published

2 days ago

September 21, 2024

admin

Total3, an index that tracks the market capitalization of the top 125 cryptocurrencies, excluding bitcoin and ether (ETH), was trading 5.68% higher since the central bank’s announcement that it would slash the Federal Funds rate by 50 basis points, according to data on TradingView. Bitcoin’s market cap, by contrast, rose only 4.4%.

Source link

analysis

Ether-Bitcoin Ratio Drops to Lowest Since April 2021. Here’s Why It Matters

Published

6 days ago

September 16, 2024

admin

Analysts suggest the ETH/BTC ratio might drop further, potentially to the 0.02-0.03 range, unless there’s a significant change in investor sentiment or regulatory clarity that might favor riskier assets.

Source link

analysis

NEAR’s Weird Marketing ‘Hack’ Riffed on Infamous 1987 Chicago TV Hijacking

Published

2 weeks ago

September 5, 2024

admin

What really makes Max memorable today, and notable for the purposes of NEAR’s rather cringey gambit, is the broadcast that wasn’t supposed to be: the Max Headroom incident. In 1987, an unknown signal pirate hijacked a “Dr. Who” broadcast in Chicago and went on a 90-second nonsensical ramble, all while wearing a Max Headroom mask.

Source link